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  • #18,581
  • May 2, 2013 12:25pm May 2, 2013 12:25pm
thank you
  • #18,582
  • May 2, 2013 12:26pm May 2, 2013 12:26pm
Lucky escape on this one ..because I wasn't in front of PC to "manage" the trade......
Attached Image (click to enlarge)
Click to Enlarge Name: eg.GIF Size: 33 KB
  • #18,583
  • May 2, 2013 12:48pm May 2, 2013 12:48pm
Came across this Thread last week. This system catched my intrest as i like it simpel I trade 4h timeframe during London session. It's great to find such a thread where very skilled Traders are around, it's the best motivation for me to reach goals, thank you

Here's the trade i did today on EUR/GBP. I was thinking not to do the trade due to the heavy load of news and decided to trade only 1 Position. There fore i set the TP at the last resistance and did not let it run. Normally i would open 2 contract, close 1 at TP and let second run for big times

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.gif Size: 41 KB
  • #18,584
  • May 2, 2013 1:52pm May 2, 2013 1:52pm
Hmm... I see you all here - experienced, cool, calm... but what do you suggest for a newbie like me? How to begin and where? Thanks.
  • #18,585
  • May 2, 2013 1:53pm May 2, 2013 1:53pm
Quoting Sniper887
Came across this Thread last week. This system catched my intrest as i like it simpel I trade 4h timeframe during London session. It's great to find such a thread where very skilled Traders are around, it's the best motivation for me to reach goals, thank you Here's the trade i did today on EUR/GBP. I was thinking not to do the trade due to the heavy load of news and decided to trade only 1 Position. There fore i set the TP at the last resistance and did not let it run. Normally i would open 2 contract, close 1 at TP and let second run for...
http://www.forexfactory.com/attachme...1&d=1367523890

Hi Sniper,

Very good trade, well done. CONGRATS!
I like the way you use Prev W Fib-r 50%. Obviously a continuation of the previous week down flow and my favourite Fib38/50 type of entry level.
Nice setup you got there too.
One more condition you can add to that trade setup is Stoch bearish divergence.
It is also one of those TDI phenomenon where the TDI PL exit the VB, re-enters VB type scenario.

BTW, you took out my last remaining buy pos, ....so I am out at BE+2pips.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,586
  • May 2, 2013 2:09pm May 2, 2013 2:09pm
Quoting emmanuel7788
{quote} {image} {quote} {image} Hi, My trade update for this EG trade: See notes on the attached chart below. Also if you swtich to D chart, you will see the prev day Bullish candles and A TMS setup for D chart traders. But the question is : Do you jump in at D open or wait for a retracement of yesterday D candle? This is when you need to ask yourself which method...
Hi ALL,

now happy to get back to my usual PC and can post some charts.

My EURGBP H4 trade finally closed:

There was a very obvious invalidation of my buy trade opened on Monday. But since I had two profitable pos banked in, I had to make a crcucial decision if I would want to close that last pos when I saw the opposite setup (trade invalidation). In hindsight, I should have. Hindsight is 20/20 vision, and trading is not about hindsight. It is about having the mental fitness to be in the market and stay in the market.

Trade Well folks.


Here is my chart showing my last position closed.
Attached Image (click to enlarge)
Click to Enlarge Name: EG week 18 3 May H4 trade close 3-5-2013 4-53-44 AM.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,587
  • May 2, 2013 2:18pm May 2, 2013 2:18pm
Quoting christinatho
Hmm... I see you all here - experienced, cool, calm... but what do you suggest for a newbie like me? How to begin and where? Thanks.
Hi christinatho,

First, WELCOME to this TMS family.
You have taken the first step to start in in this thread, That's is the beginning. We are all here to make your forex trading journey worth every hour you spend here and learn to trade.

I am not sure the level of knowledge you are at as a newbie. But as a gauge, I would like to use the babypips school of pipsology.
Tell me , have your complete babypips and graduated? or if you are still in school,which grade/level.

http://www.babypips.com/

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: babypips school of pipsology.png Size: 108 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,588
  • May 2, 2013 2:36pm May 2, 2013 2:36pm
Quoting emmanuel7788
{quote} Hi ALL, now happy to get back to my usual PC and can post some charts. My EURGBP H4 trade finally closed: There was a very obvious invalidation of my buy trade opened on Monday. But since I had two profitable pos banked in, I had to make a crcucial decision if I would want to close that last pos when I saw the opposite setup (trade invalidation). In hindsight, I should have. Hindsight is 20/20 vision, and trading is not about hindsight. It is about having the mental fitness to be in the market and stay in the market. Trade Well folks. Here...
Hi emmanuel,
What's the role of highlighted divergence on TDI and stoch?
Also with such news yesterday, EJ is hardly moving now. Do you trade today? Friday? Or what's your plan for next week?
Thank you.

Sent from my tablet
back... and more dangerous.
  • #18,589
  • May 2, 2013 2:46pm May 2, 2013 2:46pm
Quoting dcginc
TheScorps {quote} Same to you. Glad you are getting green and being rewarded for your hard work. Thanks for the wishes on the course. Great response so far and lots of traders beginning to realize that this profession is 90% psychological and 10% technical. All the best. dcginc
dcginc,

It's so good to see you post again in this thread.
Some many good posts from you today and I just want to pick this one above to remind us all that trading is a profession and yet many traders do not see this yet.

And 90% psychological ... I fully agree. It is about having the mental fitness to be a trader.

Thanks for all and for sharing your knowledge with us at your website.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,590
  • May 2, 2013 3:02pm May 2, 2013 3:02pm
Quoting kbp
{quote} Hi emmanuel, What's the role of highlighted divergence on TDI and stoch? Also with such news yesterday, EJ is hardly moving now. Do you trade today? Friday? Or what's your plan for next week? Thank you. Sent from my tablet
Hi kbp,

Divergence as I learned is the 'weakness' of lagging indicators not able to follow the volatile price movements. Divergence in indicators like MACD, Stochastic, CCI, RSI which the TDI is based on - are all good chart conditions to look for trades. But again, these divergence conditions must be supported with Price Action and Support and Resistance trading. SInce we all use TDI and Stoch, these H4 divergence can be traded profitably with PASR.

I traded today, I took EJ but not TMS 4H. I am a gridder so I have trades every day.
Tomorrow is Friday and NFP day. I do not have any open trades now, but I will wait and see how Tokyo open and scan for H1 trades today. No 4H trades today as it is Friday and I do not like to hold trades over the weekend.

Plan for next week? sure I have after NY close tomorrow and I will update all my Big Picture and do my trade plan for week 19.

regards,
Attached File(s)
File Type: pdf BarbaraStar on Hidden Divergence.pdf   245 KB | 1,110 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,591
  • May 2, 2013 3:05pm May 2, 2013 3:05pm
Quoting emmanuel7788
{quote} {image} Hi Sniper, Very good trade, well done. CONGRATS! I like the way you use Prev W Fib-r 50%. Obviously a continuation of the previous week down flow and my favourite Fib38/50 type of entry level. Nice setup you got there too. One more condition you can add to that trade setup is Stoch bearish divergence. It is also one of those TDI phenomenon where the TDI PL exit the VB, re-enters VB type scenario. BTW, you took out my last remaining buy...
Thank you Emmanuel, Good Point with the Stochastic, its another odds' enhancer, didnt see that one!

I try to concentrate on less trading but good setups. The TMS is a really good help for that. I messed up too many trades just for the cause to be in a trade.

Thanks for the position

Have a great day
  • #18,592
  • May 2, 2013 3:14pm May 2, 2013 3:14pm
EJ 3 May.

A lot of discussion about EJ today.
This week is a special week as the W candle straddles two months - April and May.
Today, the smart money decided to re-set everything to last month close or this month' open.

Have a look at your monthly chart. If you are a long term position trader, will you want to be buyer or seller?

where will you buy?
when will you buy?

remember the market type which I shared this week. We are still in a contracting market, but EJ has such wide traded range so it is good to pick H1 and H4 trades. EJ will break into an expanding market type before the next trending phase.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,593
  • May 2, 2013 3:36pm May 2, 2013 3:36pm
Quoting thomi
2 trades with the big E method with ease, for a long time it does not put arrived :-) {image} {image}

thomi,

both very good TMS H4 trade. Welldone.

CONGRATS!

I LIKE clean charts.

thanks for sharing your trades here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,594
  • May 2, 2013 4:33pm May 2, 2013 4:33pm
Quoting Arunaz
{quote} Hi Emmanuel, If you are able please comment this EU missed setup. Maybe you able to give some advice how we should manage this situation... red horizontal lines are resistance. If we would enter at open of NYO candle it would give about 100 pips, but it's a swing high and TDI cross is almost at level 68, so no entry at this point. If we will wait for close of NYO candle it's to close to resistance no.2 So how to take pips from this setup on 4H? I think in this place only 1H chart can help to take some pips... Regards, Arunas {image}
http://www.forexfactory.com/attachme...1&d=1367500100

Hi Arunaz,

Thanks for posting this EU H4 example.

It wont be easy to pick out that 4H setup if we did not follow the rhythm of the currency pair we trade.
All traders must learn and do the Big Picture and follow the currency pair you want to trade on regular basis.
We must be in sync with the currency pair we trade, and be attached to it and follow the market rhythm.

I follow EU everyday/week since the time I started trading spot forex.

You mention a resistance,yes that is 1.31150 a historical S&R. That level come into play several times in the last 8 weeks.

If you look at the dip from Feb High to Mar Low, that 1.3116 is Fib-r 38% region.... and the BRN 1.3100.

This week 18, PA rally from opening which is also Prev W Fib-r 50% as support. This rally stop at Prev W High, ans all the candle wicks are touching this region 1.3100 .... and 13.115, 1.3116...
and few inside bars.

H4 trading is to trade a breakout, but as always breakout candles are very fast and furious so we must get in before the breakout,
that where H1 trading come in.

On H1, PA show a pullback of the Prev D rallay, and supported by Prev D Fib-r 50%...(my Fav Fib 38/50) type entry, so one possible H1 trade is to take the reverse trade when TOK_5H fails and that is actuallt the H4 breakout direction if we use the TDI as our direction finder.

For all these to happen, we always need some stimulus and news is one stimulus for us to position ourselves before in the market.

Now, take some time and look at D and H4, describe what is the market type for week 18 and next week 19.


http://www.forexfactory.com/attachme...1&d=1367500100
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,595
  • May 2, 2013 7:21pm May 2, 2013 7:21pm
Quoting Phx62
{image}
same here,

trade1 bep
trade2 -34p
trade3 -32p

total loss -66p
Attached Image
  • #18,596
  • May 2, 2013 10:00pm May 2, 2013 10:00pm
Quoting wizard99
Lucky escape on this one ..because I wasn't in front of PC to "manage" the trade...... {image}
http://www.forexfactory.com/attachme...1&d=1367522799

W99,

Good Trade . I love 2Rs trade win.

What ever method you used to determine that initial SL sure worked out well.

EURGBP is s special pair, pip value is $15 unlike other pair.

If you check the
ATR(100) on H4 is about 21pips.
ATR(100) Day is about 59 pips.

I would look at all the recent ATR(5), ATR(10) and ATR(20) on H4 and compare them with ATR(100). If you see many recent small H4 candles, then I would prefer to use the ATR(100) H4 and 2xATR(100) H4 for my initial SL.

Another way is use the ATR(100) Days and take 60% (about 36pips) of that for initial SL.

In most trades that I did, this works out well.

Or for this particular trade setup, you can also look at the chart and see where is a good logical technical stop using PA last swing high/low.

Compare that with the ATR method and be comfortable with either one

The whole idea is to get into the market and stay in the market long enough to get some pips profits.

There is no need for greed, there is no time for fear. Just do it right the first time.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,597
  • May 2, 2013 10:02pm May 2, 2013 10:02pm
hint hint, me think uj will move soon
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 45 KB
Daniel
  • #18,598
  • May 2, 2013 10:12pm May 2, 2013 10:12pm
Quoting emmanuel7788
{quote} {image} W99, Good Trade . I love 2Rs trade win. What ever method you used to determine that initial SL sure worked out well. EURGBP is s special pair, pip value is $15 unlike other pair. If you check the ATR(100) on H4 is about 21pips. ATR(100) Day is about 59 pips. I would look at all the recent ATR(5), ATR(10) and ATR(20) on H4 and compare them with ATR(100). If you see many recent small H4 candles, then I would prefer to use the ATR(100) H4 and...
Hi,

Thanks for that very in depth answer. sure is above my head with the ATR at this time.
To be honest, at the moment I just eye ball the last swing hi/low and place my SL a few pips further away. Recently Ive been using the HTF to place stops and targets etc as this keeps me away from the Time frame movement that has taken me out in the past. Its not perfect or scientific but its something Im experimenting with. Also the use of your "R" script works really well to determine how much % i have when taking the trade....hope this makes sense..

W99
  • #18,599
  • May 2, 2013 10:15pm May 2, 2013 10:15pm
Quoting Greenb
hint hint, me think uj will move soon {image}

me no think on this one...
sure move when NFP release...

have you pending orders ready.... if you trade news.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,600
  • May 2, 2013 10:26pm May 2, 2013 10:26pm
Here is how I trade news like EJ yesterday.
This is not TMS but I post it here just to show you some fun I had on M5 using S&R and Supply and Demand and VSA.

News Trading is more speculative.
Win rate 10%
Loss rate 60%
BE rate 30%
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 2 May ECB news trading.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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